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20121001
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but government, federal, state and local cut jobs. government cut a million jobs between 2010 and the middle of 2012. those tend to be middle class type of jobs with benefits. in the past couple of months we've seen that finally come to a halt, and government employment, you know, which people usually don't get too excited about, but that's been a huge detractor from the labor market. the last few months we've actually started to add jobs in government. >> you're right. >> teachers, civil servants, et cetera. i see that as a net positive. >> unless there's a fiscal cliff and you won't be adding government jobs, that's for darn sure. >> let's talk a little bit about the middle, and for the people in the middle, you could argue that the middle class has demand an awful lot over the past 20 or 30 years that sort of led us to this debt problem, led us to this deficit problem. they want homeownership for everybody. we want tax cuts. we want medicare part "d." we want an expansion of safety net programs and then this is what happens. there's no one in the middle to figure out how to pay for all th
inf infrastructure and aid for state and local governments. mitt romney says to get the government out of the way. and former new york times columnist bob herbert is a ceo of a left leaning think tank, and also joining us is the director irvine institute in irvine. and peter, do you think that the country sees incentives to move the jobs abroad and it does not matter what the government does to help? >> well, that is right if we understand what the problem is here. if you look at what globalization has done over the past few decades, we have a basically a destruction of the job destruction ecosystem, and the way it works, christine, is simple. if caterpillar or gm decides to offshore the production instead of building a factory in peoria or detroit, what you have is a loss of jobs right there of the big company, and then what you lose next is the supply chain which creates many, many more times number of jobs as the big oems and the original equipment manufacturers and once that supply chain is gone, then you lose the service sector jobs, so that manufacturing creates service sector jo
Search Results 0 to 3 of about 4 (some duplicates have been removed)